HomeMy WebLinkAbout6276 - ADMIN Resolution - City Council - 1979/06/04JUNE 4, 1979
10d
RESOLUTION NO. 6276
RESOLUTION CALLING PUBLIC HEARING ON PROPOSED ISSUANCE
OF MUNICIPAL HOUSING MORTGAGE REVENUE BONDS
WHEREAS, the City of St. Louis Park is authorized by the provisions
of Law 1979, Chapter 306, to issue and sell its mortgage revenue bonds
to finance in whole or in part the cost of multi -family housing develop-
ments in redevelopment districts; and
WHEREAS, Darrel A. Farr Corporation, a Minnesota corporation, has
submitted to the City Council a proposal that the City issue such revenue
bonds in aid of such project; therefore,
BE IT RESOLVED by the City Council of St. Louis Park as follows:
1) The City Council shall meet on July 16, 1979, at 7:30 p.m.
to conduct a public hearing on the proposal of Darrel A. Farr
Corporation that the City issue and sell its housing
mortgage revenue bonds to finance a multi -family housing
development to be located in the Excelsior Boulevard
Redevelopment District at an estimated cost of $8.5 million.
2) The City Clerk is authorized and directed to cause published
notice of such hearing in the manner provided by law.
Adopted by the City CounciJune 4, 1979.
At,-st:
ity Clerk
Rev ewe for ':dm istration:
May
Approved as to form and legality:
City torney